Which of the Following Statements Is True About Responsibility Accounting

question 149

Multiple Choice

Which of the following statements is true about responsibility accounting statements?

• A) Responsibility accounting excludes controllable costs.
• B) Responsibility accounting segregates fixed costs and variable costs.
• C) Responsibility accounting excludes fixed costs and variable costs.
• D) Responsibility accounting segregates uncontrollable costs from controllable costs.

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Definitions:

Externally

Refers to actions or processes that occur outside a system or entity.

Supply-Chain Strategy

The planning and management of all activities involved in sourcing, procurement, conversion, and logistics to maximize customer value and achieve a sustainable competitive advantage.

Low Cost Strategy

A competitive business approach focusing on achieving the lowest operational costs and, consequently, offering products or services at lower prices than competitors.

Response

A set of values related to rapid, flexible, and reliable performance.